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Interface Security Systems completes new $60M round of equity financing

Interface Security Systems announced the completion of a $60 million equity financing transaction led by its current sponsors SunTx Capital Partners and Prudential Capital Partners.

This new capital comes as Interface announced that in 2020 the company has:

• Made investments in innovation, product development, and new technology infrastructure
• Scaled operations and expanded service offering to a broader range of verticals
• Launched new services and strategic partnerships
• Achieved a 250% YoY growth in new customer acquisitions

“We see a major digital transformation taking place within numerous distributed enterprise business models seeking to adapt to changing consumer behavior and increasing security threats,” Michael Shaw, CEO of Interface Security Systems, said in a prepared statement. “Interface is a leading provider of innovative business security solutions, remote managed video monitoring, and networking infrastructure that provides distributed enterprises with next-generation store technology and 24/7 system management to keep pace with these trends. This capital infusion will enable us to continue to stay ahead of the technology curve and further solidify our position as a key technology partner for consumer-facing businesses.”

Ned Fleming, Founding Partner of SunTx Capital Partners, said, “This new capital will catalyze the growth phase that Interface is already in. We believe the company is strongly positioned to help businesses integrate the management of their security, managed networks, and business intelligence, particularly as we emerge from the global health crisis.”

Robert Derrick, Managing Director and Partner with Prudential Capital Partners, said, “Interface is well-positioned to support consumer-facing distributed enterprises as they transform their business models. We are happy to be a part of this new round of investment to help fuel their evolution and growth.”